|
Report Date : |
12.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAI SECURITY PRINTERS PRIVATE LIMITED (w.e.f. 01.03.2007) |
|
|
|
|
Formerly Known
As : |
SAI SECURITY PRINTERS LIMITED |
|
|
|
|
Registered
Office : |
Village
Dungerpur, PO: Badarpur Syed, Kanwara Industrial Area, District Faridabad,
Faridabad – 121 101, Haryana |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
23.03.1994 |
|
|
|
|
Com. Reg. No.: |
05-048217 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.40.773
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899HR1994PTC048217 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject provides services in security printing, print-packaging, book
and commercial printing. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2930000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having a satisfactory track
record. There appears slight dip in profitability during the current year. However, general financial position of the company appears to be good.
Performance capability seems to be high. Trade relations are reported to be
fair. Business is active. Payments are reported to be regular and as per
commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: A- |
|
Rating Explanation |
Having adequate degree of safety regarding timely servicing of
financial obligations it carry low credit risk. |
|
Date |
August, 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
Village
Dungerpur, PO: Badarpur Syed, Kanwara Industrial Area, District Faridabad,
Faridabad – 121 101, Haryana, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
C-40, Okhla Industrial Area, Phase- II, New Delhi – 110
020, India |
|
Tel. No.: |
91-11-26385503 |
|
Fax No.: |
91-11-26388571 |
|
E-Mail : |
|
|
|
|
|
Security Printing Division - Unit
I : |
152, DLF Industrial Area, Faridabad – 121 003, Haryana,
India |
|
Tel. No.: |
91-129-2276370/ 2272277 |
|
Fax No.: |
91-129-2256239 |
|
E-Mail : |
|
|
|
|
|
Security Printing Division - Unit
II : |
256, 4th Phase, 8th Cross, Peenya
Industrial Area, Bangalore – 560 058, Karnataka, India |
|
Tel. No.: |
91-80-28361171/ 28378266/ 41171388 |
|
Fax No.: |
91-80-41170769/ 41170770/ 28363954 |
|
E-Mail : |
sspblr@saiprinters.com
|
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Vijay Ram Murthi Raghavan |
|
Designation : |
Managing Director |
|
Address : |
704, Royale Retreat, Charmwood Village, Eros Garden, Suraj Kund Road,
Faridabad – 121 009, Haryana, India |
|
Date of Birth/Age : |
30.09.1947 |
|
Qualification : |
M.B.A. |
|
Date of Appointment : |
23.03.1994 |
|
DIN No.: |
00362184 |
|
|
|
|
Name : |
Mr. Bharat Shashikumar Dighe |
|
Designation : |
Director |
|
Address : |
404, Garden View, Building No.26, Behind Shantivan, Oshiwara, Andheri
(West), Mumbai – 400 053, Maharashtra, India |
|
Date of Birth/Age : |
15.08.1969 |
|
Date of Appointment : |
27.01.2012 |
|
DIN No.: |
00203056 |
|
|
|
|
Name : |
Mr. Ravi Seth |
|
Designation : |
Director |
|
Address : |
G-2, Skyline Residency, No.5, Kingston Road, Richmond Towen, Bangalore
– 560 025, Karnataka, India |
|
Date of Birth/Age : |
05.11.1961 |
|
Date of Appointment : |
01.11.2011 |
|
DIN No.: |
01069845 |
|
|
|
|
Name : |
Ms. Priyata Raghavan |
|
Designation : |
Director |
|
Address : |
704, Royale Retreat, Charmwood Village, Eros Garden, Suraj Kund Road,
Faridabad – 121 009, Haryana, India |
|
Date of Birth/Age : |
15.11.1980 |
|
Date of Appointment : |
13.09.2007 |
|
DIN No.: |
01543577 |
|
|
|
|
Name : |
Mr. Arvind Sekhar |
|
Designation : |
Director |
|
Address : |
Flat No.354, 5th Floor, Block 3, Embassy Heritage
Apartments, 8th Main, Malleswaram, Bangalore – 560 003, Karnataka,
India |
|
Date of Birth/Age : |
26.07.1974 |
|
Date of Appointment : |
13.09.2007 |
|
DIN No.: |
01571685 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Vijay R. Raghavan |
|
466800 |
|
Vijailakshmi Raghavan |
|
466775 |
|
Sai Press India Private Limited, India |
|
315000 |
|
Sweta Raghavan |
|
374600 |
|
Priyata Raghavan |
|
624300 |
|
Arvind Sekhar |
|
249700 |
|
Aureos South Asia Fund L.L.C., Mauritius |
|
1506916 |
|
Total |
|
4004091 |
As on 28.09.2012
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Vijay R. Raghavan |
|
287142 |
|
Vijailakshmi Raghavan |
|
203818 |
|
Sai Press India Private Limited, India |
|
92329 |
|
Sweta Raghavan |
|
37518 |
|
Priyata Raghavan |
|
37935 |
|
Arvind Sekhar |
|
73189 |
|
Total |
|
731931 |
As on 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
37.64 |
|
Bodies
corporate |
|
7.86 |
|
Directors
or relatives of directors |
|
54.50 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject provides services in security printing, print-packaging, book
and commercial printing. |
PRODUCTION STATUS (AS ON 31.03.2012)
|
Particulars |
2011-2012 Quantity
Nos.
in Lakhs |
|
Production and
Sales |
|
|
No. of Printing Sheets |
39680 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
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|||||||||||||||||||||||||||||||||
|
Bankers : |
·
ING Vysya Bank Limited, 5 E -1, NIT, Ground
Floor, Railway Road, Fariadbad – 121 001, Haryana, India ·
State Bank of India, Okhla Industrial Estate, New
Delhi – 110 020, India |
|||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
Notes: LONG TERM
BORROWINGS: Term loan from banks are secured against
hypothecation of plant and machinery installed / yet to be installed and also
guaranteed by some of directors in their personal capacities. Term loan from
others are secured against hypothecation of vehicles SHORT TERM
BORROWINGS Loans repayable
on demand (Cash credit loan) from banks are secured against hypothecation of
Stocks and Book debts. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P.K. Sangai and Company Chartered Accountants |
|
Address : |
2459/10, Beadon
Pura, Gurudwara Road, Karol Bagh, New Delhi – 110 005, India |
|
Tel. No.: |
91-11-28750091/ 28754161/ 47508597 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFP3040R |
|
|
|
|
Other Entities
in which significant influence exists during the year : |
·
Sai Press (India)
Private Limited ·
Roots India Retailing
Private limited ·
Patanjali Food and Herbal Park Private Limited ·
Patanjali Flexipak
Private Limited ·
Sai Seva Trust ·
Shradha Saburi Printers
Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4010000 |
Equity Shares |
Rs.10/- each |
Rs.40.100 millions |
|
800000 |
Optional Convertible Preference Shares |
Rs.10/- each |
Rs.8.000 millions |
|
|
Total |
|
Rs.48.100
millions |
Issued & Subscribed Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4004091 |
Equity Shares |
Rs.10/- each |
Rs.40.041
millions |
|
731931 |
Optional Convertible Preference Shares |
Rs.10/- each |
Rs.7.319
millions |
|
|
Total |
|
Rs.47.360 millions |
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4004091 |
Equity Shares |
Rs.10/- each |
Rs.40.041
millions |
|
731931 |
Optional Convertible Preference Shares (Of Rs.10/- each, Re.1/- Paid
up) |
Re.1/- each |
Rs.0.732
million |
|
|
Total |
|
Rs.40.773 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
40.773 |
24.972 |
24.572 |
|
|
2] Share Application Money Pending Allotment |
0.000 |
0.000 |
4.000 |
|
|
3] Reserves & Surplus |
691.785 |
310.206 |
236.496 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
732.558 |
335.178 |
265.068 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
146.917 |
185.560 |
175.724 |
|
|
2] Unsecured Loans |
40.668 |
29.901 |
12.076 |
|
|
TOTAL BORROWING |
187.585 |
215.461 |
187.800 |
|
|
DEFERRED TAX LIABILITIES |
48.562 |
38.841 |
24.136 |
|
|
|
|
|
|
|
|
TOTAL |
968.705 |
589.480 |
477.004 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
525.424 |
441.425 |
301.698 |
|
|
Capital work-in-progress |
0.184 |
91.841 |
44.580 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
11.500 |
2.180 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
149.769 |
112.170 |
83.964 |
|
|
Sundry Debtors |
176.299 |
180.234 |
160.581 |
|
|
Cash & Bank Balances |
278.372
|
28.383 |
15.018 |
|
|
Other Current Assets |
2.441
|
0.382 |
9.262 |
|
|
Loans & Advances |
36.417
|
25.473 |
17.851 |
|
Total
Current Assets |
643.298
|
346.642 |
286.676 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
130.994
|
223.497 |
137.527 |
|
|
Other Current Liabilities |
65.922
|
75.987 |
14.737 |
|
|
Provisions |
3.285
|
2.444 |
5.866 |
|
Total
Current Liabilities |
200.201
|
301.928 |
158.130 |
|
|
Net Current Assets |
443.097
|
44.714 |
128.546 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
968.705 |
589.480 |
477.004 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
952.159 |
911.322 |
789.456 |
|
|
|
Other Income |
NA |
NA |
6.313 |
|
|
|
TOTAL (A) |
NA |
NA |
795.769 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/ Decrease in Stock |
NA |
NA |
1.413 |
|
|
|
Raw Material Consumed |
NA |
NA |
432.552 |
|
|
|
Stores Consumed |
NA |
NA |
13.172 |
|
|
|
Manufacturing Expenses |
NA |
NA |
104.195 |
|
|
|
Personnel Expenses |
NA |
NA |
55.655 |
|
|
|
Administrative, Selling & Other Expenses |
NA |
NA |
68.872 |
|
|
|
Prior period adjustments (Net) |
NA |
NA |
0.158 |
|
|
|
TOTAL (B) |
NA |
NA |
676.017 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
119.752 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
16.838 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
NA |
102.914 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
22.696 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
68.245 |
105.814 |
80.218 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
21.597 |
35.704 |
27.654 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
46.648 |
70.110 |
52.564 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
286.303 |
216.193 |
163.629 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
332.951 |
286.303 |
216.193 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
103.031 |
61.787 |
38.137 |
|
|
|
Consumables Tools & Dies |
4.162 |
0.130 |
0.087 |
|
|
|
Spare Parts & Services (used for machinery repair & debited
under respective had) |
29.508 |
4.929 |
3.471 |
|
|
|
Capital Goods |
0.000 |
115.774 |
1.561 |
|
|
TOTAL IMPORTS |
136.701 |
182.620 |
43.256 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.66 |
28.08 |
21.39 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
6.61 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.17
|
11.61 |
10.16 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.84
|
13.43 |
13.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.32 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.26
|
0.64 |
0.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.21
|
1.15 |
1.81 |
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
No |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
Yes |
|
Unsecured Loans |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS: |
|
|
|
(a) Related
Parties |
|
|
|
- Company |
0.718 |
0.742 |
|
- Directors |
0.000 |
24.900 |
|
- Members |
8.950 |
0.717 |
|
(b) Others
|
|
|
|
- Company |
18.500 |
1.042 |
|
- Members |
0.000 |
2.500 |
|
SHORT TERM
BORROWINGS: |
|
|
|
Other unsecured
short term loans from: |
|
|
|
(a) Related
Parties |
|
|
|
- Directors |
2.000 |
0.000 |
|
- Members |
8.000 |
0.000 |
|
(b) Others |
|
|
|
- Members |
2.500 |
0.000 |
|
Total
|
40.668 |
29.901 |
Note:
The registered office of the company has been shifted from C-40, Okhla Industrial Area, Phase- II, New Delhi – 110 020 to the present address w.e.f. 17.01.2013.
OPERATIONS REVIEW
The company has achieved
turnover of Rs.952.159 millions during
the current financial year as against
911.322 millions in the
financial year 2011-12, Company
has consolidated its position in the growing business and now embarking on an
expansion plan. During the current year, the company has increased it's capital base from 630.503 millions to
742.701 millions and plans to double it AT0
in the next two years. The
extended scale of operations will bring in a higher realization of value and economies of
scale, is the management's view
CONTINGENT
LIABILITIES FOR:
|
Particulars |
31.03.2012 (Rs. in
millions) |
31.03.2011 (Rs. in millions)
|
|
(a) Bank
guarantees/ LC guarantee outstanding |
4.566 |
70.076 |
|
(b) Obligation
for Capital goods purchased under EPCG Schemes |
47.975 |
32.582 |
|
(c) Service Tax against which the Company has
preferred appeal |
0.044 |
0.044 |
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U74899HR1994PTC048217 |
|
Name of the company |
SAI SECURITY
PRINTERS PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
C-40, Okhla Industrial Area, Phase- II, New Delhi – 110 020, India E-Mail: shiv@saiprinters.com |
|
This form is for |
Modification of charge |
|
Charge identification number of the modified |
10084849 |
|
Type of charge |
Immovable Property Book Debts Movable Property (not being pledge) Floating Charge Others (Hypothecation of Stock and Plant
and Machinery) |
|
Particular of charge holder |
ING Vysya Bank Limited,
5 E -1, NIT, Ground Floor, Railway Road, Fariadbad – 121 001, Haryana, India E-Mail: roc.charge@gmail.com |
|
Nature of description of the instrument
creating or modifying the charge |
Supplemental Deed of Hypothecation Facility Agreement Letter of Continuity |
|
Date of instrument Creating the charge |
24.12.2012 |
|
Amount secured by the charge |
Rs.450.665 millions |
|
Brief particulars of the principal terms an
conditions and extent and operation of the charge |
Rate of Interest: OD-SIT/BD:
IVBR + 2.05% p.a. (Present IVBR is 10.45%), WCDL: IVBR + 2.05% p.a., TL-4: IVBR + 2.05% p.a. TL-I to 3 : As per existing terms,
BC/LC/FLC/BG : As per bank norms Terms of Repayment: OD-SIT/BD
: Payable on Demand WCDL :
Bullet TL-I to 3 :
As per existing terms TL-4 :
60th Monthly Installment of Rs.2.500 millions Margin: OD-SIT/BD : 25% on Stock and 35% on Book Debts (Not
more then 90 days) WCDL :
25% on Stock and 35% on Book Debts (Not more then 90 days) BC : 25% cash margin TL-I to 3 :
As per existing terms TL-4 :
40% on purchase P&M ILC/FLC :
25% BG : 25% as FDR Extent and Operation of the charge: OD-SIT-BD Limit-Rs.175.000 millions, WCDL
(Sublimit of CC - Rs.140.000 millions), BC (Sublimit of CC - Rs.10.000
millions) TL-1 Limit - Rs.12.179 millions TL-2 Limit - Rs.43.720 millions TL-3 Limit - Rs.32.266 millions, BC
(Sublimit of TL-3 - Rs.16.423 millions) TL-4 Limit - Rs.150.000 millions, LC/BC
(Sublimit of TL-4 - Rs.150.000 millions) BG/ILC/FLC/BC Limit - Rs.17.500 millions LEF Limit - Rs.20.000 millions Total exposure - Rs.450.665 millions Exclusive charge by way of equitable
mortgage property Others: Nil |
|
Short particulars of the property charged |
Exclusive charge by way of hypothecation
of all Stock and Book Debts both present and future. Exclusive charge by way of hypothecation of
all assets (Plant and Machineries) existing as well as assets created in
future plain term loan. Exclusive charge by way of equitable
mortgage property bearing 256 Phase-4, Peenya Industrial Area, Sy No.46,
Nannakadaranhali Village, Yeshwanthpur Hobli situated at Banglore, North
Taluk, Bangalore. Exclusive charge by way of equitable
mortgage property bearing Plot at Khasra No.23, Kila Nos-10/2, 11/1, 11/2, 20
Village Dungarpur Situated at Faridabad. |
|
Date of latest modification prior to the
present modification |
28.07.2011 |
|
Particulars of the present
modification |
Total limit enhanced form Rs.393.820
millions to Rs.450.665 millions secured by way of equitable mortgage property
bearing 256 Phase-4, Peenya Industrial Area, Sy No.46, Nannakadaranhali
Village, Yeshwanthpur Hobli situated at Banglore, North Taluk, Banglore and
Plot at Khasra No.23, Kila Nos-10/2, 11/1, 11/2, 20 Village Dungarpur
Situated at Faridabad. |
FIXED ASSETS:
Tangible Assets
·
Land (Freehold)
·
Building
·
Electric Installations
·
Construction at Rented Premises
·
Plant and Machinery
·
Computer
·
Electrical Equipments
·
Air Conditioner
·
Computers
·
Tools and Equipments
·
Testing Equipments
·
Weighing Machine
·
Delivery Van
·
Vehicles
·
Fire Fighting Equipments
·
Furniture and Fixtures
Intangible Assets
·
Computer Software
WEBSITE DETAILS:
NEWS:
Australia Based
Amcor Acquires Uniglobe Packaging
21st
March, 2012
Australia based Amcor has acquired Uniglobe Packaging Private Limited, a packaging firm for $20.7Mn
to expand market in India.
With this deal, Amcor will increase its facility in India from three to five
plants.
Founded in 1999, Uniglobe Packaging provides packaging for the food, personal
care and health sectors. Its clients include Hindustan Unilever and Cadbury
India.
Amcor is a multinational packaging company with operations in operating
across 30 countries and 89 plants. Amcor Flexibles operates as two independent
business groups across two regions – Flexibles Europe and America’s and Flexibles
Asia Pacific.
Recently, Amcor announced acquisition of The Aperio Group, a producers
of flexible packaging products with 13 manufacturing facilities across
Australia and New Zealand Thailand.
In this segment, Skanem Group is acquiring 51% stake in Interlabels
Industries Private Limited, a Mumbai based printing and packaging company;
while Sai Security Printers Private Limited, a paper packaging company has
raised $7 Mn from Aureos South Asia Fund for expansion.
SKANEM GROUP
AQUIRES 51% STAKE IN INTERLABELS
21st
February, 2012
Skanem Group is acquiring 51% stake in Interlabels Industries Private Limited, a Mumbai based printing
and packaging company.
YES Bank acted as a financial advisor to Interlabels.
Established in 1983, Interlabels is the manufacturer of self-adhesive
labels and labelling solutions and automated labelling machines. It has
presence in Kenya, Uganda, Tanzania, Ethiopia, Nigeria, Congo, UAE, Saudi
Arabia, Egypt, Pakistan and Bangladesh.
Interlabels operates from five locations - Chennai, Vasai near Mumbai,
Baddi, Kolkata and Nairobi. It has a team of 200 which looks into labels for
cosmetics, toiletries, lubes, pharmaceutical, beverages, chemicals and
detergents.
Skanem is a suppliers of self adhesive labels in Europe and Asia. Currently, it
has 13 production sites in 8 countries with over 1000 employees in Norway,
Sweden, Denmark, United Kingdom, Germany, Poland, Russia and Thailand.
Recently, Sai Security Printers Private Limited, a paper packaging
company has raised $7 Mn from Aureos South Asia Fund for expansion.
AUREOS INVESTS $7 MILLION IN SAI SECURITY PRINTERS
February 12, 2012
The Aureos South Asia Fund (“ASAF”) has completed a US$7 million
investment in Sai Security Printers Private Limited (“Sai”). Sai is a leading
paper packaging company based in Faridabad and Bangalore. ASAF is managed by
Aureos South Asia Managers Limited, a subsidiary of Aureos Capital Limited, a
private equity fund management company specialising in investing in small and
medium sized businesses in emerging markets.
Sai started out as a security printing business and transformed itself into a
multi-product packaging company, manufacturing labels and mono-cartons for food
and beverage, pharmaceutical and FMCG industries. The company employs 600
people and has seen its paper packaging arm increase to 76% of revenue in 2011.
There are plans in place to open a new facility at Bangalore and expand the
existing facility in Faridabad, Harayana.
Balaji Srinivas, Managing Partner, Aureos India, says: “Sai has a strong
customer base, marked by high customer retention. Its strategy for future
development includes expansion into recession resilient and higher margin
products for the pharmaceutical, beverages and FMCG sectors.”
Vijay Raghavan, MD, Sai Security Printers, says: “We are delighted to have
Aureos as our financial partner in taking Sai (including it's division Sai
Packaging Company) on its next growth trajectory. Sai will use the funds to
build on its already strong production and technology capabilities and will
work towards moving into new markets, adding new customers and providing
end-to-end packaging and printing solutions to its customers while increasingly
focussing on high margin business. We believe that there is a large opportunity
in the domestic and export markets for firms that are willing to invest in
innovation and quality and Sai is well positioned to take advantage of that.”
Since its establishment in 2001, Aureos has increased its funds under
management to US$ 1.3 billion and extended its geographical footprint to over
50 emerging markets covering Asia, Africa and Latin America, by establishing 17
regional private equity funds.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
|
1 |
Rs.81.09 |
|
Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.